Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Friday, March 22. All major U.S. market indexes declined on renewed concerns about a global growth slowdown and potential recession. The Dow Jones Industrial Average, S&P 500 and NASDAQ fell 1.8%, 1.9% and 2.5%, respectively. Investors reacted to the release of weak manufacturing data in Europe’s Purchasing Managers Index as well as the yieldYield is a measure of the income on an investment in relation to the price. There are several ways to measure yield. The current yield of a security is the income over the past year (either dividends or coupon payments) divided by the current price. spread between 3-month and 10-year Treasury bondsA financial instrument representing an IOU from the borrower to the lender. Bond issuers promise to pay bond holders a given amount of interest for a pre-determined amount of time until the loan is repaid in full (otherwise known as the maturity date). Bonds can have a fixed or floating interest rate. Fixed-rate bonds pay out a pre-determined amount of interest each year, while floating-rate bonds can pay higher or lower interest each year depending on prevailing market interest rates. briefly inverting early Friday.
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